Why Sea Limited Was a Wreck on Monday

Rich Smith, The Motley Fool
·2-min read
Why Sea Limited Was a Wreck on Monday

Shares of Southeast Asian e-everything tech stock Sea Limited (NYSE: SE) closed down 10.3% on Monday. This morning, analysts at Australian investment bank Macquarie upgraded shares of Sea Limited to "outperform" (i.e., buy), reports TheFly.com, and more than doubled their price target on the e-commerce star. At $280 per share, Macquarie's target implies as much as 35% upside from Sea's closing price for the day.